There are still a number of measures available to those affected by drought! Take a look at our snapshot below and useful links for more information. In further news, the Emergency Water Infrastructure Scheme promises a share of $50 million in Government funding up for grabs, we’ll keep you in the know!
Currently available:
- RIC Drought Loan
- Up to $2 million
- 10 year term
- Can be used to refinance debt, pay for operating expenses and capital
- Cannot be used for non farm assets & expenses, payout of dividends or equity, anything you have already received funding for
- No close date
- AgBiz Drought Loan
- Up to $500,000
- 10 year term
- Can be used to refinance debt, pay for operating expenses, suppliers and wages
- Cannot be used on purchase of private and domestic assets or expenses, tax bills, labour or dividends
- No close date
- AgriStarter Loan – Start up or succession planning
- Up to $2 million
- 10 year term
- Can be used to fund the purchase of an existing farm business, land, to buy out relatives during farm business succession and costs associated with succession planning
- Cannot be used on purchase of private and domestic assets or expenses, tax bills, labour or dividends
Recently closed:
- Emergency Drought Transport Subsidy. Applications closed 31 December 2020.
- Donated Fodder Transport Subsidy. Applications closed 31 December 2020.
- Animal Welfare Transport Subsidy. Applications closed 31 December 2020.
- Disaster Recovery Grants. Application closed 31 December 2020.
Watch this space:
- Emergency Water Infrastructure Rebate Scheme
On 2 October 2020, the Australian Government announced an additional $50 million of funding towards the Emergency Water Infrastructure Rebate Scheme in 2020-21. More information will be provided when available.
